Financial stress haunts UK families

According to the most comprehensive study of the finances of employed households, commissioned by the ‘UK Guardian’, nearly seven million working-age adults are continuously living in financial stress to an extreme level, despite being in employment and widely independent of income support.

They stress that they are unable to cope on their current incomes and have no assets as it leaves them vulnerable to a simple expenditure like a large fuel bill.

“What’s shocking about this is that these are people who want to work and are working but who, despite putting their faith in the politicians’ mantra, find themselves in another cul de sac. Recent welfare cuts and policy changes make it difficult to advise these people where they should turn to get out of it: it really is genuinely shocking”, said Frank Field, the Labour MP for Birkenhead.

Bruno Rost, head of Experian Public sector, mentioned that this is the new form of working class families. … “These people say that being forced to claim benefits or move into a council property would be the worst kind of social ignominy and self-failure.”

BGH/MOL/HE

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes